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But plenty of Americans instead choose to get dressed up, attend parties or travel in celebration of New Year's Eve. The majority of Americans (70%) plan to spend at least $50 on their New Year's Eve plans, WalletHub found. Still, Irvine, California, beats those cities as the most expensive place to spend New Year's Eve:Irvine, Calif. Miami New York Honolulu New Orleans Seattle Oakland, Calif. San Francisco Washington, D.C. Henderson, Nev. The survey found over 80 million Americans are planning to travel for New Year's Eve, with nearly half expecting to drive. While several of the best-rated cities also find themselves on the most expensive list, the least expensive cities aren't inherently less fun.
STOCKTON, Calif. — A man suspected in Northern California serial killings has been charged in four additional slayings this week, bringing the total to seven deaths since April 2021, authorities said. He was also tied violence in Alameda County. Tuesday’s fourth case, an April 2021 slaying that brings the total to seven killings, was previously unreported. Brownlee was arrested in October when he “was out hunting” for another possible victim in Stockton, police said at the time. Brownlee was again convicted in Alameda County in December 2001 and sentenced to three years for the same crime.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe'll have to retest lows to pull out of this bear market, says Fairlead's Katie StocktonKatie Stockton, Fairlead Strategies founder, joins 'Closing Bell: Overtime' to discuss volatility in the market.
Pharmacists and parents across the country are contending with empty shelves as they search for children’s pain relief medications amid the ongoing spread of RSV, flu and Covid. CVS and Walgreens each announced on Monday that they are limiting the number of children's pain relief medications customers can buy: CVS to two, and Walgreens to six. Courtesy Chantel JablonskiCaswell said shortages of children’s Tylenol and ibuprofen and their generic versions started a month or two ago. Johnson & Johnson Motrin brand children's pain relievers at a Stop & Shop store in Dobbs Ferry, N.Y., on Jan. 23, 2022. Khan said “this is probably the worst” shortage of children’s medicine he’s seen, surpassing even peak Covid.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStockton: A lot of volatility is in store for the markets to start the year in JanuaryFairlead Strategies founder & managing partner Katie Stockton discusses how the markets are trending going into the new year, dives into Nike's latest earnings report, and the massive decline in Tesla shares this year.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect a 'Santa Claus' rally until year end, then a drop in January, says Fairlead Strategies Katie StocktonKatie Stockton, Fairlead Strategies, joins 'Closing Bell' to discuss the recent market sell-off and her outlook heading into the end of the year.
Stocks were battered in the past week, as investors reacted to a hawkish message from the Federal Reserve. In the past week, stocks rallied Tuesday after the consumer price index showed a smaller-than-expected increase of 7.1% for November. "There's a lot of housing data next week," said Art Hogan, chief market strategist at B. Riley Financial. Ned Davis Research pointed out in a note this week that there has been a recent negative correlation between stocks and bonds, meaning stocks are falling and so are yields. Ned Davis expects the negative correlation to continue for the foreseeable future, and is watching the rolling one-year correlation between the S & P 500 and the 10-year Treasury yield.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis relief rally has matured and market risk has heightened, says Katie StocktonKatie Stockton, founder and managing partner of Fairlead Strategies, joins CNBC's 'Squawk Box' to break down the technicals driving the latest market action.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFairlead Tactical Sector Fund: Want to make sure we're in areas with long-term momentumKatie Stockton, Fairlead Strategies, joins the 'Halftime Report' to discuss how her ETF works and what's invested in it right now.
They are watching the S & P 500 as it trades below its 200-day moving average after lifting above that threshold briefly. The S & P 500 surpassed the average on Nov. 30 and fell below it Monday. The 200-day is now at 4,040 for the broad-market index, and the S & P 500 closed at 3,933.92 on Wednesday. A loss of short-term momentum "I think the real story is within the downturn, we're losing short-term momentum. Stockton said her indicators showed the flip in the S & P 500 Tuesday.
How High Will Savings Rates Go in 2023?
  + stars: | 2022-12-08 | by ( ) www.wsj.com   time to read: +6 min
By Steve GarmhausenInterest rates on savings accounts have been rising fast, and savers are likely to see more improvements in 2023. Where are interest rates headed in 2023? Will savings rates go up in 2023? Though they take their cues from the fed-funds rate, banks tend to take weeks or even months to hike their savings account rates. The Fed could cut rates sooner than expected, pulling savings rates down in the process.
Sally Miller, chief information officer of DHL’s North American supply-chain business, a unit of Deutsche Post AG , said she is planning to deploy “a good number” of temporary robots at several of the company’s retail-focused sites. The Locus Robotics robots—which the manufacturer calls “surge bots”—will be used for picking up orders and fulfillment, Ms. Miller said. Photo: Locus RoboticsKnown as robots-as-a-service, leased robots are employed widely in manufacturing, but are relatively new to the logistics industry, analysts said. The extra robots, provided by Berkeley, Calif.-based Ambi Robotics Inc., helped the company handle a surge of packages, it said. Mr. Faulk, of Locus Robotics, said the company hopes many logistics firms will hold on to their temporary robots well after seasonal highs, as a way to eke out year-round efficiencies.
Women made up about half of the US real-estate workforce but generally earned less than men in 2021. An analysis found that in some cities, women made up most of the workforce and earned over $50,000. Cities including Toledo, Ohio, and Orlando, Florida, are the top places for women in real estate to work. But the analysis also found several places where women outperformed men in number of employees and in pay. In several metropolitan areas, women made up a bigger share of the real-estate workforce and made more money than their male counterparts.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBreath measures are still trending downward suggesting more participation ahead, says Katie StocktonKatie Stockton, founder and managing partner of Fairlead Strategies, joins 'Closing Bell' to discuss market indicators of inflation reduction, energy and discretionary stocks lagging, and rises in treasury yields.
CNN —LeBron James moved past Magic Johnson for sixth place on the NBA’s all-time assists list as the Los Angeles Lakers took a hard earned 133-129 win over the Milwaukee Bucks. James added 28 points in a match where the lakers managed to hold off the Milwaukee Bucks, winning 133-129. James finished the match with 11 assists in total, taking his tally to 10,144. “It means a lot, obviously,” James said, of surpassing Johnson’s assists, according to NBA.com. James is now creeping closer to the title of NBA all-time leading scorer, and is currently 936 career points behind Kareem Abdul-Jabbar.
However, several cities, including San Francisco, Los Angeles and Sacramento, have all seen home prices fall by more than 5% from peak sale prices. Additionally, Stockton has seen its median sale price drop 4.8% from its peak. That brings California's total to seven metros out of the top 20 for the nation that have seen the most severe drop in housing prices. So far it appears that 2023 is likely to be an even slower year for the state's housing market, especially if locals continue to leave and move to more affordable states. The pullback in demand could ultimately result in the state's median home price declining 8.8% to $758,600, the report adds.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect sell signals for equity markets soon, says Fairlead's Katie StocktonKatie Stockton, founder and managing partner of Fairlead Strategies, joins CNBC's 'Squawk Box' ahead of the open on Friday with a technical breakdown of the latest market action.
Katie Stockton, founder of Fairlead Strategies, said investors could look at volatility products as a way to hedge their long positions in the bumpy market right now. The S & P 500 fell into a bear market, and today stands about 15% lower on the year. Samantha LaDuc of LaDuc Trading said that she added a few positions for downside protection recently. "In my 40 years of experience, bear market rallies are more vicious than bull market rallies," Kalayjian said. "I think this is a tradable market right now.
Apple stock was down more than 2% Tuesday, after declining Monday and Friday. Apple's sizeable weighting Apple is 6.5% of the S & P 500 market cap, and technical analysts say it has implications for the broad market both in price impact and sentiment. Apple is 6.5% of the S & P. I would say it's remarkable how strong the S & P 500 is today with a 2% decline in Apple. "I can't imagine that happening without getting a sell signal on the S & P chart." She said the S & P 500 chart is maintaining a buy signal that has been in place for several weeks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket relief rally still has short-term momentum, says Fairlead Strategies' Katie StocktonKatie Stockton, founder and managing partner at Fairlead Strategies, joins CNBC's 'Squawk Box' to break down her market outlook ahead of the open.
"Leadership has shifted away from the tech sector and FANMAG. Two major challenges for tech names Clissold said the tech sector is facing two major challenges. Stockton said the peak in the Nasdaq last November was also the peak of its outperformance versus the S & P 500. The tech sector outperformed the S & P 500, but it was the materials sector that led the index higher, up about 19%. However, the S & P 500 has been up just 20%.
The sustainability of a year-end rally in the stock market hinges on Apple, according to Fairlead Strategies' Katie Stockton. "A breakout would likely foster a greater relief rally given Apple's influence on the major indices and sentiment," Stockton said. With the stock market on the verge of entering its best performing period on a seasonal basis, a continued relief rally is on the table. "Apple may hold clues as to the strength of the relief rally," Stockton said. "A breakout would likely foster a greater relief rally given Apple's influence on the major indices and sentiment," Stockton said.
Some strategists expect the S & P 500 to rally as high as about 4,100 and top out there. They had a lead time of two weeks to when the S & P peaked," she said. "I'm not recommending countertrend positions, but I do think think the Nasdaq-100 could outperform temporarily," she said. Scott Redler, partner with T3Live.com, agrees the S & P 500 could rally until 4,100, still below its August high of 4,325. But until then, the S & P will take aim at its 200-day moving average, at 4,078.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm surprised bitcoin, ether did not see more damage, says Fairlead's Katie StocktonKatie Stockton, founder and managing partner at Fairlead Strategies, joins CNBC's 'Squawk Box' to break down the technicals driving the latest bear market rally.
An ex-California police sergeant was charged with more than a dozen crimes, including multiple allegations of sexual assault, officials said Thursday. Nicholas Bloed, formerly of the Stockton Police Department, was taken into custody Wednesday without incident by the U.S. The prosecutor’s office accused Bloed of committing “multiple” crimes while on duty. In a statement to NBC affiliate KCRA of Sacramento, the department said Bloed no longer worked for the department and declined to comment further. In a separate statement, the Stockton Police Officers Association said the charges, if proven, “are abhorrent and reprehensible.
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